Doha-Mubasher: Capital Intelligence (CI) affirmed Qatar Islamic Bank’s (QIB) financial strength rating (FSR) at 'A', with a stable outlook.

CI also affirmed the bank’s long-term and short-term foreign currency ratings at 'A' and 'A2', respectively, according to a recent report.

The FSR reflects the bank's strong financial position which is mainly attributed to fine loan asset quality, improved profitability and good liquidity.

The ratings are still affected by many factors including credit risks on real estate portfolio.

The bank’s net profit grew 20% to reach QAR 1.6 billion ($439.2 million) in 2014 compared to figures from 2013.